Frontier Group Shares Drop to $4.19
November 3, 2023
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The Frontier Group ($NASDAQ:ULCC) is a publicly traded company that provides a range of services, including software development, IT services, and consulting. It has developed a reputation for providing high-quality services that help its customers stay ahead of the latest technological trends. The sudden drop in share price comes as a surprise to many investors, who had expected the stock to continue its upward trend following a period of strong growth.
Many are speculating that the drop could be attributed to market volatility or a lack of confidence in the company’s future performance. While the long-term outlook for the company remains positive, they will be watching closely to see if the share price can recover from this sudden downturn.
Market Price
On Monday, FRONTIER GROUP‘s stock opened at $3.8 and closed at $3.7, representing a 3.8% drop from its prior closing price of $3.8. This marked a significant decrease for the company, as the stock had been previously trading above $4.19 and was now down to its lowest point in months. Investors have become concerned over recent news surrounding FRONTIER GROUP, which has raised questions about the company’s financial stability. As a result, the stock has seen a steady decline since the beginning of the year and is now down to its lowest price in months.
It remains to be seen whether FRONTIER GROUP will be able to recover from its current slump. Investors are closely monitoring the company’s progress and are hoping that the stock will soon rebound. In the meantime, the company is taking steps to improve its business operations and restore investor confidence in order to bring the share price back up to a more reasonable level. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Frontier Group. More…
| Total Revenues | Net Income | Net Margin |
| 3.63k | 127 | 3.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Frontier Group. More…
| Operations | Investing | Financing |
| -45 | -130 | 189 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Frontier Group. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.71k | 4.14k | 2.59 |
Key Ratios Snapshot
Some of the financial key ratios for Frontier Group are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 9.9% | -0.8% | 5.0% |
| FCF Margin | ROE | ROA |
| -4.8% | 21.5% | 2.4% |
Analysis
GoodWhale’s analysis of FRONTIER GROUP‘s wellbeing shows that it is classified as a ‘cheetah’ on our Star Chart. This type of company is one that has achieved high revenue or earnings growth but is considered less stable due to lower profitability. It is likely that the company will appeal to investors who are looking for high-growth potential while still maintaining a degree of safety and risk aversion. Our assessment of FRONTIER GROUP’s health score is an intermediate 5/10. This score is the result of considering the company’s cashflows and debt, which indicate that it is likely to safely ride out any crisis without the risk of bankruptcy. In terms of the individual metrics, we identify FRONTIER GROUP as strong in liquidity and medium in growth, profitability and weak in asset, dividend. All in all, our assessment of FRONTIER GROUP suggests that it has potential for growth, but carries a certain level of risk, and should be approached with caution. More…
Peers
Frontier Group Holdings Inc is an airline holding company that owns and operates Frontier Airlines. The company was founded in 1994 and is headquartered in Denver, Colorado. Frontier Group Holdings Inc’s competitors include Spirit Airlines Inc, JetBlue Airways Corp, and Southwest Airlines Co.
– Spirit Airlines Inc ($NYSE:SAVE)
In 2022, Spirit Airlines had a market cap of 2.38 billion and a return on equity of -10.47%. The company is an American ultra-low-cost carrier, headquartered in Miramar, Florida. Spirit operates scheduled flights throughout the United States and in the Caribbean, Mexico, Latin America, and South America.
– JetBlue Airways Corp ($NASDAQ:JBLU)
As of 2022, JetBlue Airways Corp has a market cap of 2.42B and a Return on Equity of -8.81%. JetBlue Airways Corp is an airline company that operates in the United States. The company was founded in 1999 and is headquartered in New York, New York. JetBlue Airways Corp offers scheduled air service in the United States and the Caribbean. The company also provides cargo transportation services.
– Southwest Airlines Co ($NYSE:LUV)
Southwest Airlines Co is a publicly traded company with a market capitalization of $20.39 billion as of 2022. The company has a return on equity of 10.01%. Southwest Airlines Co is a low-cost carrier that operates in the United States. The company was founded in 1967 and is headquartered in Dallas, Texas.
Summary
This has caused concern among investors, as it is a dramatic decline for a relatively short period of time. Analysts suggest that the sudden drop could be related to the company’s financial performance, including weak earnings reports and uncertainty regarding its cash flow. Additionally, the company’s long-term debt structure and its debt-to-equity ratio may be causing concern for potential investors. Ultimately, investors need to assess all factors associated with investing in FRONTIER Group before making any investment decisions.
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